Semi-weekly south Kentuckian. [volume] (Hopkinsville, Ky.) 1883-1889, 1887-08-12
THE 0. v. PROPOSITION.
To bs Voted on IN the Hopkins
vile Magisterial District
August 90.

ny, formally appeared by its attorney,
j. +. Clay, and flied its petition which
reads in words and figures as follows,
to-wit:
To THE COUNTY CouRT OF CHRISTIAN
COUNTY. KENTUCKY:
The Ohio Valley Railway Compa-
NY, formerly the South Kentucky
Railroad Company, chartered by an
act of the General Assembly of the
Common wealth of Kentucky, ap-
proved 18th day of March 1871, and
tho several amendments thereto, by
order of its Board of Directors, re-
specially requests your honorable
Court 10 submit 10 the qualified vn-
iers of what is known as the Hop
kinsville Magisterial District of
Christian County, Kentucky, or Civil
District No. at an election to be held
under and in accordance with the
act of its Incorporation, on a day to
be designated by this Court, not more
than sixty (60) days nor less than
thirty (30) days from the date that
said election is ordered, the question
whether or not the said District shall
subscribe one thousand $1,000 shares
of one hundred (Sl00) dollars each to
the capital stock of the Ohio Valley
Railway Company, OH the following
terms and conditions to-wit:
Condition first: That no part ofthe
amount for said stock shall be due or
payable until continuous line of rail-
way, of a standard guage, shall be
constructed by said Ohio Valley
Railway Company, from the town OF
Princeton, Kentucky, to the limits OF
the city Of Hopkinsville, Kentucky,
nor until train of cars shall be run
over said railway, nor unless said
railway Is constructed on or before
the LIST day of January 1889, provided,
however, that if the Ohio Valley
Railway Company shall, in good
faith, and within reasonable time
after favorable vote on this propo-
sition, begin the construction Of It's
road and be prevented by stress Of
weather or any extraordinary hap
pening, from constructing the road
within the time aforesaid, then the
subscription shall not be, therefore,
on that account void, but reasona-
bic time shall be extended in such an
event beyond the date named, for the
construction OF said road as afore-
said:
Condition second: That the Ohio
Valley Railway Company shall un-
dertake and bind itself, on the pay
ment of the money for said Stock, OF
on the delivery of the bonds as here
in after recited. to refund to the Hop.
kinsville Dristrict the amount so
paid on the face value of the bonds
delivered in payment OF its subscrip'
ton, in the event the Louisville &
Nashville Railroad Co. or any success
sor thereof shall obtain the possession
and ownership OF said Ohio Valley
Railway Company, within twenty
years from this date, provided, how
ever, that II the stock Of the Hopkins
willie District shall be voted or used
for the purpose Of enabling said Lou
isville Il Nashville Railroad Compa
ny to obtain the possession and own
ership of said Ohio Valley Railway
Company, then this obligation on thu
part of the said Ohio Valley Railway
| Company shall cease and determine
Condition third: In the event |
favorable vote is had on this propo
sition, the stock is subscribed anC
paid for, the Ohio Valley Railway
| Company hereby agrees and bind
itself to give as favorable rates, II
proportion to the distance. to the peo
pie aud shippers of the llopkinsvill
District as 1t may give to any othe
point on its line between its termin
and not to make or permit to be mad
any unjust discrimination In the mat
ter of froights or passage against th
people Of or shippers Of said Hopkins
Vile District,
Condition fourth: That in pay
ment of the stock subscribed by sal
district, II shall issue and deposl
with three trustees 10 be named l
the order submitting this propositio
bonds of said district for the sum Q
one hundred thousand (Sl00,0OO.OC
} dollars, with coupons attached fo
the interest, to be made payable I
said Ohio Valley Railroad Compan
or bearer, due and payable twenI
years after the date of their issua
with the option on the part of th
: district TO redeem the same at an
time after 8 years from their dat
bearing interest at the rate of SIX pc
, cent per annum, payable semi-al
! nually, both principle aud interel
PAYABLE at the banking house {
Latham, Alexander Il Co., in the Gil
of New York. Said bonds to be
!. denominations of not more than or
thousand dollars, nor less than OF
hundred dollars each, which sal
bonds shall be held by the trustee
!. to be hereafter named In the order {
y the Court, in trust to be delivered an
}, shall be by them delivered to the sal
l. Ohio Valley Railway Company, whe
said railway shall have been col
structed as mentioned in conditic
one of this proposition, and train
D cars run thereon, and within the tin
therein provided, provided, howeve
that any coupons falling due for i
a terest on said bonds before the co
D struotion Of said road TO Hopkin
Vile as aforesaid, shall be by sa
trustees detached, marked cancell'
and returned to the County Court
Christian county.
> Condition fifth: In lieu of the d
livery of the bonds as aforesaid to .
Ohio Valley Railway Company, {
Hopkinsville district, through I
trustees aforesaid may sell the bon
AT not less than their value, and d
= posit with the trustees aforesaid o
y hundred thousand dollars which I
trustees shall deliver 10 the On
- Valley Railway Company asproyid
, for the delivery of the bonds. i
object of this condition being to 81
4 10 said district the benefit OF a
nremium that may be received
" said bonds and it Is understood u
= anv premium received shall be us
for the purpose Of retiring and CO
ceiling the bonds to the extent
said premium:
! Condition sixth: III any subscr
~ lion 4 made under this propositi'
,bo Ohio Valley Railway Compa
undertakes to secure the release
u the Hopkinsville " Cadiz RaiIw
or Gomnany CO. of a subscription made
fOr Ochi fN-S, III. e. ffa1tg RaflTn